Check this out: The recovery since March 23 continues to look like the recovery from the March 2009 low in terms of both price (at top) and breadth (below). #SPX #SP500 pic.twitter.com/gQZGvRFO5V — Jurrien Timmer (@TimmerFidelity) August 10, 2020 Today’s Chart of the Day was shared on Twitter by Jurrien Timmer of Fidelity (@TimmerFidelity). […]
Chart of the Day – Friday, August 7th, 2020
Another look at breadth, using % stocks >50-d or 200-d. Poor participation + divergences hasn’t stopped a 4-mo rally back to ATHs. This is nothing new. Divergences can last days or a year. Markets can peak with or without them, on ‘good breadth’ or bad. In real time, worthless pic.twitter.com/QI1EKqqzPY — ukarlewitz (@ukarlewitz) August 7, […]
Chart of the Day – Friday, April 17th, 2020
Intraday S&P 500 chart not getting great breadth confirmation this morning with a lower short-term high in new 52wk highs. pic.twitter.com/CkYN0Nrj92 — Andrew Thrasher, CMT (@AndrewThrasher) April 17, 2020 Today’s Chart of the Day was shared on Twitter by Andrew Thrasher (@AndrewThrasher). It is an hourly chart showing the number of new 52-week highs on […]
Chart of the Day – Wednesday, April 15th, 2020
$NYUD Not exactly confidence boosting. Sticking w/ my leaders but this doesn't resemble the Dec 18 bottom. pic.twitter.com/3DHolnUxks — Neil Blalock, CMT (@NeilBlalock) April 15, 2020 Today’s Chart of the Day was shared on Twitter by Neil Blalock (@NeilBlalock). It’s a chart of the NYSE Advance-Decline Volume Index over the past two years, along with the […]
Chart of the Day – Monday, February 10th, 2020
Add this chart to the list of bearish divergences abounding right about now…S&P at new highs but less stocks rebounding above their moving averages.$SPX $SPY pic.twitter.com/lDdjlBqmn5 — David Keller, CMT (@DKellerCMT) February 10, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a chart of the S&P 500 over […]